Finance & Economics | WPN World People News

The World Bank Group, along with 12 international organizations, on Tuesday launched a new initiative that will make it easier for governments, the private sector and the global community to work together to lessen the impacts of climate change and for the private sector to play a more active role in the design of policies and programs that tackle climate change.

The government of Bangladesh on Tuesday signed a $176.06 million financing agreement with the World Bank to increase the agricultural productivity and access to markets of more than one million poor farmers, particularly women.

An International Monetary Fund (IMF) mission, led by Nadeem Ilahi, visited Bosnia and Herzegovina (BiH) during May 10-24, 2016, to discuss IMF support for the country’s economic program.

The European Commission's proposal for an EU anti-tax avoidance directive was welcomed by Parliament's Economic and Monetary Affairs Committee in a resolution voted on Tuesday. MEPs nonetheless advocated stricter limits on deductions for interest payments and an effective corporate tax rate of 15%.

IMF’s Middle East Regional Technical Assistance Center concludes its Annual Meeting in Beirut
The Steering Committee (SC) of the International Monetary Fund (IMF) –Middle East Regional Technical Assistance Center (METAC) held its annual meeting on Thursday, May 19, 2016, in Beirut.

Budgets Committee MEPs approved €5,146,800 in EU aid on Monday to help 2,132 road haulage and delivery workers, made redundant by road transport company MoryGlobal SAS across France, to find new jobs. The European Globalisation Adjustment Fund (EGF) aid still needs to be approved by Parliament as a whole and by the Council of Ministers.

With two-thirds of Africans expected to live in cities by 2050, how Africa urbanises will be critical to the continent’s future growth and development, according to the African Economic Outlook 2016 released on 23 May at the African Development Bank Group’s 51st Annual Meetings.

Mr. Daniel Leigh, head of the IMF’s staff team for Suriname, issued the following statement in Washington on 23 May :

The government of Suriname has been taking important steps to implement its home-grown reform program in response to the difficult economic situation the country is facing. The authorities have now adopted all prior actions agreed in discussions with the IMF staff, paving the way for the IMF’s Executive Board to consider a two-year Stand-By Arrangement (SBA) with the Fund in support of Suriname’s reform program on May 27.

Budgets Committee MEPs approved €6,468,000 in EU aid on Monday to help 557 workers made redundant by the “Larissa” supermarket in Greece to find new jobs. A further 543 young unemployed people should also benefit. The European Globalisation Adjustment Fund (EGF) aid still needs to be approved by Parliament as a whole and by the Council of Ministers.